RDDT COO reports 10b5‑1 sales and option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddit (RDDT) insider activity: On 10/23/2025, the Chief Operating Officer reported multiple transactions. An option to buy 30,659 shares at $5.35 was exercised, followed by open‑market sales of 30,659 Class A shares in several tranches at weighted average prices between $200.98 and $204.84. After these direct transactions, the executive held 1,295,968 shares directly.
Separately, an affiliated trust (MorMa Trust dated June 22, 2021) sold a total of 8,467 Class A shares in several trades at weighted average prices between $200.55 and $204.46, leaving 103,099 shares held indirectly by the trust. The sales were made under a Rule 10b5‑1 trading plan adopted on May 16, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 39,126 shares ($7,896,453)
Net Sell
11 txns
Insider
Wong Jennifer L.
Role
Chief Operating Officer
Sold
39,126 shs ($7.90M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 30,659 | $0.00 | -- |
| Sale | Class A Common Stock | 3,601 | $201.03 | $724K |
| Sale | Class A Common Stock | 3,700 | $202.12 | $748K |
| Sale | Class A Common Stock | 965 | $203.00 | $196K |
| Sale | Class A Common Stock | 201 | $204.46 | $41K |
| Exercise | Class A Common Stock | 30,659 | $5.35 | $164K |
| Sale | Class A Common Stock | 11,213 | $200.98 | $2.25M |
| Sale | Class A Common Stock | 13,246 | $201.90 | $2.67M |
| Sale | Class A Common Stock | 4,800 | $202.84 | $974K |
| Sale | Class A Common Stock | 800 | $204.02 | $163K |
| Sale | Class A Common Stock | 600 | $204.84 | $123K |
Holdings After Transaction:
Stock Option (Right to Buy) — 305,794 shares (Direct);
Class A Common Stock — 107,965 shares (Indirect, By MorMa Trust dated June 22, 2021);
Class A Common Stock — 1,326,627 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025. The sales were executed in multiple trades at prices ranging from $200.55 to $201.50. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price within the ranges set forth in footnotes (2) to (10) to this Form 4. The sales were executed in multiple trades at prices ranging from $201.64 to $202.62. The sales were executed in multiple trades at prices ranging from $202.64 to $203.60. The sales were executed in multiple trades at prices ranging from $203.70 to $204.63. The sales were executed in multiple trades at prices ranging from $200.45 to $201.44. The sales were executed in multiple trades at prices ranging from $201.45 to $202.44. The sales were executed in multiple trades at prices ranging from $202.45 to $203.44. The sales were executed in multiple trades at prices ranging from $203.45 to $204.35. The sales were executed in multiple trades at prices ranging from $204.58 to $205.15. The stock option is fully vested and currently exercisable.
FAQ
What did Reddit (RDDT) COO report on Form 4?
An exercise of 30,659 stock options at $5.35 and open‑market sales of 30,659 Class A shares on 10/23/2025, plus separate trust sales totaling 8,467 shares.
What are the COO’s direct holdings after the transactions?
Direct beneficial ownership is 1,295,968 Class A shares after the reported transactions.
What are the indirect holdings after the trust’s sales?
The MorMa Trust held 103,099 Class A shares indirectly after selling 8,467 shares.
At what prices were the direct sales executed?
Weighted average prices ranged from $200.98 to $204.84 across several tranches on 10/23/2025.
Was there a trading plan in place for these sales?
Yes. The sales were effected pursuant to a Rule 10b5‑1 trading plan adopted on May 16, 2025.
Were the options fully vested?
Yes. The stock option was fully vested and currently exercisable, with an expiration date of 06/12/2028.